SEC Form 4 · accession 0000899243-18-026362
Liberty Energy Inc. · LBRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Oct 4, 2018
Accepted (ET)
Oct 9, 2018 · 6:27 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001694028
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF2,F3 | Oct 4, 2018 | J | 727,407 | $0.00 | A | 1,194,118 | I | See Footnotes |
| Class A Common StockF2,F4 | Oct 4, 2018 | J | 2,272,593 | $0.00 | A | 3,730,709 | I | See Footnotes |
| Class A Common StockF2,F3 | Oct 4, 2018 | S | 727,407 | $21.00 | D | 466,711 | I | See Footnotes |
| Class A Common StockF2,F4 | Oct 4, 2018 | S | 2,272,593 | $21.00 | D | 1,458,116 | I | See Footnotes |
| Class B Common StockF2,F3 | Oct 4, 2018 | J | 727,407 | $0.00 | D | 2,589,719 | I | See Footnotes |
| Class B Common StockF2,F4 | Oct 4, 2018 | J | 2,272,593 | $0.00 | D | 8,090,896 | I | See Footnotes |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LLC UnitsF1,F2,F3 | — | Oct 4, 2018 | J | 727,407 | D | — | — | Class A Common Stock | 727,407 | 2,589,719 | I |
| LLC UnitsF1,F2,F4 | — | Oct 4, 2018 | J | 2,272,593 | D | — | — | Class A Common Stock | 2,272,593 | 8,090,896 | I |
Explanation of responses
- F1Pursuant to the terms of the limited liability company agreement of Liberty Oilfield Services New HoldCo LLC ("Liberty LLC"), Liberty LLC redeemed "LLC Units," which represent an ownership interest in Liberty LLC, and an equal number of Class B common stock (the "Class B Common Stock") of Liberty Oilfield Services Inc. (the "Issuer") in exchange for shares of Class A common stock of the Issuer (the "Class A Common Stock") on a one-for-one basis.
- F2By reason of the provisions of Rule 16a-1 of the Securities Exchange Act of 1934, as amended, each of Robert Day, the sole shareholder of Oakmont Corporation ("Oakmont"), and Oakmont, which is a member and the administrator of each of Laurel Road, LLC ("Laurel 1") and Laurel Road II, LLC ("Laurel 2"), may be deemed to have an indirect pecuniary interest in the securities held directly by Laurel 1 and Laurel 2. In accordance with Instruction 4(b)(iv), the entire amount of the securities held by each of Laurel 1 and Laurel 2 are reported herein. Each reporting person disclaims beneficial ownership of any securities that are not directly owned by such reporting person, except to the extent of their indirect pecuniary interest therein. This report shall not be deemed an admission that such reporting person is a member of a group or the beneficial owner of any securities not directly owned by such reporting person.
- F3Shares held directly by Laurel 1.
- F4Shares held directly by Laurel 2.